-The Hindu   India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...

The formal notification allowing exports of 5 million tonnes of rice and wheat under the open general licence (OGL) will not specify separate cap for cereals, but the government will monitor exports to ensure a ceiling of 2 mt for wheat and 3 mt for rice. "We have had problems earlier with the courts on specification of quantity ceiling under OGL exports and on specific allocation of export quantities to exporters....

-The Telegraph   The Centre tonight banned onion exports to check rising retail prices, re-imposing the curbs only six months after it lifted them following a dip. At the same time, it lifted four-year restrictions on overseas sale of wheat and non-basmati rice to ease storage problems following record production last season. “Onion exports have been banned with immediate effect. The ban will be reviewed on a fortnightly basis,” food minister K.V. Thomas said...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...

The embarrassment of riches in grain stocks confronting the government is a problem of its own making. It is the product of ill-conceived policies on grain procurement, storage and distribution and mistimed decisions on opening and shutting of foodgrain exports. The grain stocks that have piled up as a consequence are far more than needed for any rational inventory and public distribution programme. Burgeoning food stocks pose problems of storage...